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Catfish · 03-01-19, 07:59 AM

^ from the first link's article:

" [...] riposte is that the Europeans have as much to lose since the UK is an important export market and we run a large trade deficit with the single market. But one of the legacies of Thatcher’s deindustrialisation is that the UK lacks the industrial base to switch from foreign to domestic production. It simply no longer exists, thanks to the 1980s shock therapy of the very same disaster capitalists that now champion no-deal."

"... the damage to trade with the single market could not be replaced by new trade deals – in addition to the EU27, the UK has the benefits of trade deals with 40 other countries through the EU, all of which would evaporate overnight in no deal. That requires 67 deals to be signed just to stand still."

Europe will export less to the UK, and this less will be more expensive in the UK. Win?

03-01-19, 07:59 AM	#9293
Catfish Dipped Squirrel Operative Join Date: Sep 2001 Location: ..where the ocean meets the sky Posts: 17,776 Downloads: 38 Uploads: 0	^ from the first link's article: " [...] riposte is that the Europeans have as much to lose since the UK is an important export market and we run a large trade deficit with the single market. But one of the legacies of Thatcher’s deindustrialisation is that the UK lacks the industrial base to switch from foreign to domestic production. It simply no longer exists, thanks to the 1980s shock therapy of the very same disaster capitalists that now champion no-deal." "... the damage to trade with the single market could not be replaced by new trade deals – in addition to the EU27, the UK has the benefits of trade deals with 40 other countries through the EU, all of which would evaporate overnight in no deal. That requires 67 deals to be signed just to stand still." Europe will export less to the UK, and this less will be more expensive in the UK. Win? __________________ >^..^<*)))>{ All generalizations are wrong.